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Crypto-Funded TV Comedy Series To Release A Full Episode As An NFT

A crypto-funded TV comedy series intends on releasing a full episode as an NFT. A scripted TV series that’s about crypto and funded by it, is in development at Beacon Pictures, the independent production company behind “Bring It On,” and popular ABC drama “Castle.”

It has been reported by Deadline Hollywood that the 10 part TV crypto-comedy series “Hold on for Dear Life” — a reference of the sort to the slang term ‘Hodl’ — aims for principal photography to shoot in Puerto Rico from August.

However, the show, which was created by anonymous crypto insider calling themselves ‘Suhh Toshee,’ will look to reflect the lives of crypto entrepreneurs, and hopefully be funded by them.

Mark Pennell, the CEO of Beacon, said:

“Crypto is about community. The show is an extension of that community. So, we embraced the innovation by creating an opportunity for crypto entrepreneurs to participate in a show that reflects many of their own stories.”

The report said that the project is raising funds through crypto by tokenizing the profits on Ethereum, enabling investors to receive their share of the proceeds directly to their wallets. The storyline is focused on Mel, a young tech founder who launches a token named after her missing best friend Aveer and sets off with her band of “misfit” friends to make the Aveer token a success.

Likewise, the series is set to feature cameos from figures in the crypto-world such as billionaire Bitcoin investor Tim Draper, and Crystal Rose, the CEO, and Founder of Sense.

A crypto-focused and funded TV show from the makers of Castle intends to drop a full episode as an NFT. — Cointelegraph (@Cointelegraph) March 24, 2021

Thus, the appetite for crypto-based TV shows and movies is gaining momentum, as blockchain technology and cryptocurrency continue to creep their way into mainstream society.

Source: Cointelegraph



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